LGRO vs QQQ
Level Four Large Cap Growth Active ETF vs Invesco QQQ Trust, Series 1
Which is better, LGRO or QQQ?
Each has led over a different period.
QQQ has a lower expense ratio. LGRO led over 1Y and 3Y, QQQ over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LGRO | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $136M | $437.3B |
| Dividend Yield | 0.33% | 0.43% |
| Holdings | 99 | 208 |
| YTD Return | +13.08%Best | +12.98% |
| 1Y Return | +12.84%Best | +11.59% |
| 3Y Return (annualized) | +23.32%Best | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 16.5%Best | 17.7% |
| Max Drawdown | -23.3% | -22.8%Best |
| $10,000 over 3.2 years | $18,482 | $18,975Best |
| Fund Family | ALPS Advisors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 22, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 23, 2023 to Nov 11, 2026 (3.2 years).
LGRO vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
LGRO vs QQQ Performance
Level Four Large Cap Growth Active ETF (LGRO) is an ETF from ALPS Advisors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LGRO returned +12.84% while QQQ returned +11.59%. Year to date, LGRO is up 13.08% versus a gain of 12.98% for QQQ.
Over three years, LGRO compounded at +23.32% per year against +23.05% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 16.5% for LGRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.3% for LGRO and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LGRO charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, LGRO currently yields 0.33% against 0.43% for QQQ.
Holdings Overlap
At least 47.5% of QQQ's money is in holdings LGRO also owns.
Stated as a floor: for LGRO, our book for it covers 94.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
19 positions in common, counted across the 48 positions we hold weights for in LGRO and 101 in QQQ, against full books of 99 and 208.
Top Shared Holdings
| Stock | Weight in LGRO | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple Inc | 7.11% | 7.68% | 0.57% |
| MSFTMicrosoft Corp | 7.58% | 6.16% | 1.42% |
| NVDANvidia Corp | 4.17% | 8.05% | 3.88% |
| AMZNAmazon.Com Inc | 4.49% | 4.23% | 0.26% |
| GOOGLAlphabet Inc | 4.46% | 3.15% | 1.31% |
| MUMicron Technology, Inc. | 2.26% | 4.47% | 2.21% |
| METAMeta Platforms Inc | 2.71% | 3.37% | 0.66% |
| AVGOBroadcom Inc | 1.71% | 2.52% | 0.81% |
| PYPLPaypal Holdings Inc | 3.40% | 0.21% | 3.19% |
| PANWPalo Alto Networks Inc. | 1.53% | 1.28% | 0.25% |
47.5% of QQQ is already inside LGRO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LGRO or QQQ?
LGRO has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, LGRO or QQQ?
Over the past year LGRO returned +12.84% vs +11.59% for QQQ, so LGRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGRO or QQQ?
QQQ has been the more volatile fund at 17.7% annualized versus 16.5% for LGRO. Worst drawdown: LGRO -23.3% vs QQQ -22.8%.
Should I hold both LGRO and QQQ?
LGRO and QQQ have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LGRO and QQQ?
At least 47.5% of QQQ's money is in holdings LGRO also owns. Our book for LGRO is partial, so the real figure is this or higher. They hold 19 positions in common, counted across the 48 positions we hold weights for in LGRO and 101 in QQQ.
Which pays a higher dividend, LGRO or QQQ?
LGRO yields 0.33% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than LGRO?
QQQ has a lower expense ratio. LGRO led over 1Y and 3Y, QQQ over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.